Skor Co. leased equipment to Douglas Corp. on January 2, 2021 for a 7- year period expiring December 31, 2027. Equal payments under the lease are $600,000 and are due on January 2 of each year. The first payment was made on January 2, 2021. The cost of the equipment is $2,400,000. The lease is appropriately accounted for as a sales-type lease. The present value of the lease payments is $2,800,000. What is the effect on Sales Revenue for the year ended December 31, 2021? Select one: a. $57,143 b. $600,000 c. $85,714 d. $2,400,000 me $2,800,000